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Steve Wozniak’s blockchain company has announced the public sale of Genesis’ non-fungible tokens.
EFFORCE, a blockchain company co-founded by Apple co-founder Steve Wozniak, has announced the general sale of its first batch of Energy Efficiency NFTs.
In a press release shared with Coinjournal, EFFORCE said the NFTs will help the company usher in a new era of energy efficiency projects with the help of the crypto community.
The company said its vision relies on introducing a new kind of utility NFT based on a novel proof of contribution concept.
The team added that the Genesis NFT is part of the Energy Efficiency NFT initiative, a tool used to implement the improvements needed to make companies more energy efficient.
The company will begin selling 2,500 Genesis NFTs per project. EFFORCE has revealed that the first project will be a 180 kwe combined cooling/heating and power plant.
Each NFT will sell for 210 USDC, requiring users to lock 400 WOZX per mint.Additionally, the project predicts a reward of 735.000 mWOZ
The second project is EEP (Energy Efficiency Project), a private company that provides 60% of the electricity needed for a sewage treatment plant. His NFT price for this venture is 190 USDC and he has to lock 380 WOZX tokens per mint.
Commenting on this latest development, EFFORCE co-founder and former Apple engineer Steve Wozniak said:
EFFORCE is focused and working hard to achieve the purpose and vision we set out to achieve when we were founded. Starting today, everyone will be able to work with their communities and directly support energy efficiency projects. Improve the efficiency of equipment and its structure, significantly reduce energy consumption and reduce the impact on the global environment.Most importantly, thanks to blockchain, all through a fully decentralized and transparent system. is to be done.
EFFORCE Managing Director Paolo Pastore added:
By using NFTs as proof of contribution to energy efficiency projects, we can create new markets while keeping that contribution liquid as long as there is demand. This was not possible before. The funds held were locked for the entire duration of the project and could not be recovered before the end.Now selling NFTs makes it easy for contributors to leave their positions.
Published by EFFORCE, NFT says it draws elements from co-founder Steve Wozniak’s inspiration. The artwork will be published after the project is actually implemented, coinciding with the publication of the NFT staking contract on the network.
Following the NFT sale, the staking contract will be published on the blockchain. The contract yields mWOZ tokens (mWOZ represents 1 USDC of energy saved) equal to the reward generated by monthly energy savings.
According to EFFORCE, the APR after 5 years is a minimum of 8% and a maximum of 40%. The team concluded that his unsold NFTs would be removed from the market and incinerated.
